Bandhan Bank Basic Savings Deposit Account- Small

1. No minimum balance requirement.
2. Customers with Bandhan Bank Basic Savings Deposit Small Account get a free ATM-cum-debit card with nil annual maintenance charges.
3. Customers also get a free passbook to keep a track on their transactions.
4. The balance in Bandhan Bank Basic Savings Deposit Small Account should not exceed Rs.50,000.
5. Customers will not be allowed to withdraw/transfer more than Rs.10,000 per month.
6. The aggregate of all credits in a financial year should not exceed Rs.1 lakh.
7. Customers are eligible for a maximum of 5 withdrawals in a month at Bandhan bank ATMs or other Bank ATMs.
8. Generally, foreign remittances are not allowed to be credited in a Bandhan Bank Basic Savings Deposit Small Account. It will be allowed only in special cases where the identity of the client is fully established by producing an officially valid document.
9. Customers will be able to transfer funds free of cost by NEFT/RTGS/IMPS.
10. Any deposits or collection of cheques drawn by the central or state government will be free of cost.
11. Bandhan Bank Basic Savings Deposit- Small Account holders will not be charged debit card issuance charges.
12. No charge will be levied to activate an inoperative account.
13. Bandhan Bank Basic Savings Deposit Account- Small is eligible to earn high interest rate like any other savings account.
14. Free net banking and mobile banking facilities are given to all customers of the Bandhan Bank Basic Savings Deposit Account- Small.
15. At Par cheques issued by Bandhan Bank is recognised as “Local Clearing” cheques across all Bandhan Bank branches in India which eliminates DD charges which are otherwise payable by the customer.
16. Customers can enjoy transferring funds to over 65,000 bank branches in India through IMPS, RTGS, or NEFT options.
17. Nomination facility is available. Customers can nominate one person to take care of their assets in case of an eventuality.
18. Customers can pay their bills promptly using Bill Pay option given by Bandhan Bank.
19. Round-the-clock customer service option is available for Bandhan Bank customers.

How to apply for a Bandhan Bank Basic Savings Deposit Account- Small?

Customers can apply for a Bandhan Bank Basic Savings Deposit Account- Small online using the bank’s website. Once a customer clicks on the “Apply Now” button, he/she will be asked to enter basic details like name, email ID, and mobile number. The customer has to fill in these details and click on the “Submit” button. Once the form is submitted, the customer will receive a call from an executive from Bandhan Bank who will explain the account opening process. Alternatively, customers can visit the nearest Bandhan Bank branch directly and fill out the account opening form and submit it to the bank officer who will guide the customer throughout the account opening process.

Documents required to open a Bandhan Bank Basic Savings Deposit Account- Small

The documents that are required to open a Bandhan Bank Basic Savings Deposit Account- Small are listed below:

1. PAN card or Form 60/61 where PAN card is not available
2. Birth certificate of the minor
3. One passport size colour photograph
4. Identity proof like passport/driving license/voter's ID/photo debit/credit Card
5. Address proof like passport/driving license/voter's ID/utility bill
6. Duly-filled account opening form

Fees and charges

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.